Fulbright client, Meridiam Infrastructure, and its special purpose vehicle, Long Beach Judicial Partners LLC (LBJP), closed a public-private partnership (PPP) transaction with the Judicial Council of California, Administrative Office of the Courts (AOC), to design, build, finance, operate and maintain a new $492M courthouse and a related existing parking structure in Long Beach, California.
Tags: Norton Rose FulbrightShearman & Sterling Represents Morgan Stanley Principal Investments and Morgan Stanley Real Estate Special Situations Fund in Sale of Minority Interest in KOS S.p.A
Shearman & Sterling represented GSS III Iceberg B.V., a company jointly owned by Morgan Stanley Principal Investments Netherlands B.V. and Morgan Stanley Real Estate Special Situations Fund III, L.P. (Iceberg), in its sale of its entire equity interest in KOS S.p.A. (KOS), a company controlled by CIR – Compagnie Industriali Riunite S.p.A. (CIR), to Alf Participations 2 S.à.r.l. (Alf), an affiliate of AXA Investment Managers Private Equity Europe S.A., in the context of a broader transaction whereby Alf acquired 41.1% of KOS.
Tags: Shearman & Sterling LLPWFW Advised Globus Maritime on Complex Cross Border Transaction Resulting in Globus Maritime’s Listing on Nasdaq
Watson, Farley & Williams, a leading international law firm, is pleased to announce that it recently advised Globus Maritime Limited, a publicly-listed dry bulk shipping company, in connection with its U.S. securities filings, the transfer of the public listing of its shares from the London Stock Exchange’s AIM market to the Nasdaq Global Market, and its concurrent redomiciliation from Jersey, Channel Islands, into the Republic of the Marshall Islands.
Tags: Watson Farley & Williams LLPShearman & Sterling Advises Initial Purchasers in SAIC’s $750 Million Offering of Notes
Shearman & Sterling represented Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. Incorporated as representatives of the initial purchasers in connection with SAIC, Inc.’s offering of US$450 million of its 4.450% Notes due 2020 and US$300 million of its 5.950% Notes due 2040. SAIC, Inc. is a provider of scientific, engineering, systems integration and technical services and solutions to the U.S. government and other customers.
Tags: Shearman & Sterling LLPKaye Drye Represents One Communications in Merger with Earthlink
EarthLink, Inc.(NASDAQ: ELNK) is acquiring One Communications Corp. for $370 million in cash, and the payment of approximately $285 million of One Communications net debt.
Simmons & Simmons Advises RBS Hoare Govett on IPO
Simmons & Simmons has advised RBS Hoare Govett, as sole sponsor, bookrunner and broker on the initial public offering (IPO) of CQS Diversified Fund Limited, a closed-ended investment company incorporated in Guernsey.
Tags: Simmons & SimmonsSimpson Thacher Represents First Data Corporation in Private Exchange Offers
The Firm recently represented First Data Corporation in private exchange offers, in which the Company exchanged $6.0 billion aggregate principal amount of its 9.875% Senior Notes due 2015 and 10.550% Senior PIK Notes due 2015, for $6.0 billion aggregate principal amount of new securities, consisting of (i) 50% in new 8.25% Senior Second Lien Notes due 2021 or, at the election of each holder who tendered prior to the early tender date and subject to certain limitations, in up to $1.0 billion aggregate principal amount of new 8.75/10.00% PIK Toggle Senior Second Lien Notes due 2022, and (ii) 50% in new 12.625% Senior Notes due 2021.
Tags: Simpson Thacher & Bartlett LLPClifford Chance and Mayer Brown Advise on Canary Wharf Group’s Sale of 25 Bank Street Building to J.P. Morgan
Clifford Chance has advised long-standing client Canary Wharf Group on the £495 million acquisition by US Investment Bank J.P. Morgan of 25 Bank Street, Canary Wharf. It also advised on the receipt by Canary Wharf Group of £144.5m for a rental guarantee on the building provided by AIG. Mayer Brown advised long standing client J.P. Morgan on the acquisition of the building and in relation to its refurbishment.
Tags: Mayer Brown LLPMorrison & Foerster Secures Jury Verdict for ICU Medical in Patent Infringement Case
Morrison & Foerster recently secured a jury verdict for ICU Medical, Inc. in a patent infringement case against RyMed Technologies, Inc. On December 17, 2010, an eight-person jury in the U.S. District Court of Delaware found that RyMed’s InVision Plus I.V. connector infringes two patents owned by ICU. The jury also found that ICU’s patents are valid.
Tags: Morrison & Foerster LLPGoodwin Procter Advises SmartCells On Its Sale to Merck & Co.
Goodwin Procter served as advisor to client SmartCells on its acquisition by Merck & Co. last week. SmartCells shareholders will receive an upfront cash payment and be eligible to receive clinical development and regulatory milestones for products resulting from the transaction for potential aggregate payments in excess of $500 million. Sales-based payments for products resulting from the transaction will also be payable.
Tags: Goodwin Procter LLP